See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

5116 Edgewood Ave N, Minneapolis, MN, 55428

8beds
4baths
4,500sqft
$670,000
$149price/sqft
$5,080/moest. monthly cost
$203,200/yrincome needed

About This Home

Welcome to this exceptional opportunity to own a well-maintained fourplex in the heart of Crystal. Each unit includes its own one-car garage, along with ample additional parking for residents and guests. The property also features a spacious yard, offering outdoor enjoyment and added appeal for tenants. Whether you're looking to live in one unit while generating rental income from the others or add a strong investment property to your portfolio, this fourplex offers flexibility and long-term potential. Ideal for both first-time investors and seasoned property owners, opportunities like this don't come along often. Don't miss your chance to own a versatile income-producing property in a desirable location.

Getting Around

50
WalkingSomewhat Walkable
27
TransitSome Transit
43
BikeSomewhat Bikeable

Schools

3/10
Forest Elementary SchoolGrades PK-50.5 mi
3/10

Construction

Condition

  • Year built: 1962

Type & Style

  • Home type: MultiFamily
  • Property subType: Fourplex

Interior

Basement

  • Has basement: Yes
  • Basement: Block

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4

Features

  • Finished area below ground: 2,000
  • Finished area above ground: 2,500

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 4,500
  • Total interior livable area: 4,500 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0811821140039
  • Zoning description: Residential-Multi-Family
  • Foundation area: 2000

Features

  • Levels: Two

Lot

  • Lot size: 0.38 Acres
  • Lot size dimensions: 134 x 125

Parking

  • Total spaces: 4
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Heat Wave
Inland Flooding
Tornado
Winter Weather

FEMA Declared Disasters in Hennepin County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,387$40,644
Home Insurance *$415$4,980
Property Taxes $899$10,788
Electricity $379$4,554
Total$5,080$60,960
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$174,171/yr
40% on housing$152,400/yr
45% on housing$135,466/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$149This listing

vs Other Active Listings

Avg $/sqft

ZIP 55428$136
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55428$186
Hennepin County$207

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-10Listed for sale$670,000
2025-09-02Listing removed$664,900
2025-08-21Listed for sale$664,900
2025-06-30Pending sale$664,900
2025-05-19Listed for sale$664,900
2024-01-17Sold$665,000
2023-12-16Pending sale$665,000
2023-11-30Listed for sale$665,000
2023-11-16Pending sale$665,000
2023-10-02Price change$665,000
2023-08-01Pending sale$675,000
2023-06-26Listed for sale$675,000
2022-09-30Sold$620,000
2022-08-23Pending sale$599,900
2022-08-22Listed for sale$599,900
2021-06-02Listing removed--
2021-05-06Price change$1,300
2021-04-15Listed for rent$1,400
2021-03-24Listing removed--
2018-08-28Listing removed$1,100
2018-07-29Listed for rent$1,100
2018-05-20Listing removed$1,300
2018-03-07Listed for rent$1,300
2017-09-14Listing removed$1,100
2017-09-01Listed for rent$1,100
2016-04-01Sold$317,625
2015-07-06Sold$280,514
2005-06-01Sold$399,000
2003-02-18Sold$345,000
2002-08-27Sold$300,000

For Sale by Agent

AgentAnthony Giron
BrokerageRE/MAX Results

Similar Homes